Yes, folks, last year, even as 15 million Americans continued to look
for work and the average wage barely kept up with the cost of living, the 25
best paid hedge fund managers raked in a total of $14.14 billion, an average of
$565.6 million per year, according to an analysis published last week by
Institutional Investor Alpha.
The top ten took home $10.1 billion, and top manager David
Tepper-who did not even make the top 25 last year-made off with $2.2 billion,
equivalent to $1,057,692 an hour, as much as the average American family makes
in 21 years. As the report points out,
the 2012 numbers were actually the lowest since 2008, when hedge fund managers
lost money because of the financial crisis they largely caused. In 2011, the
top 25 made $14.4 billion….
Find out more at http://www.presstv.ir/usdetail/299706.html
No comments:
Post a Comment